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0:00 / 0:00I. Quarterly Financial Performance and Profitability
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Phillips 66 Refining Profits Surge as Crack Spreads Hit $20.56 Per Barrel

PSX10-QFiling Date: 4/29/2026
Phillips 66
Description

What this story covers

Phillips 66 navigated a volatile first quarter of 2026, leveraging strong refining margins and 95 percent capacity utilization to offset commodity derivative losses and a 833 million dollars legal judgment. They maintained 6 billion dollars in liquidity amid significant geopolitical price swings.

Story snapshot

CompanyPhillips 66
TickerPSX
VariantStandard detailed
Duration14:12
Filing type10-Q
PeriodQ1 2026
IndustryEnergy
Accession0001534701-26-000022
Sources1

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Primary Sources

sec_filing10-QView on SEC.gov →

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